Average Outlook

Published December 31st, 1969 - 11:59 GMT

Despite Algeria's enormous energy resources, foreign investors remain turned off by unrelenting acts of domestic violence. Thousands of people have been killed since violence first shook Algeria in 1992. The damage of earlier brutal acts was mitigated by news that another multinational was planning to enter the Algerian market, in spite of the country’s precarious security situation. Recent indications of economic tribulations, however, combined with continuing bloodshed threaten to deter foreign investors. The social repercussions could be harsh: Algeria, which faces 30 percent unemployment, desperately depends on foreign capital to create jobs for its rapidly expanding workforce. 

© 1969 Mena Report (www.menareport.com)

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